Too much money in open source?

News.com has an interesting story on the amount of venture capital flowing into open source startups.

“Too many of these companies (now forming) are being funded without a community,” said Matrix Partners’ David Skok in the story. “If a community doesn’t form and form fast, then they’re going to burn through their venture capital, and they’re going to be disasters.”

I spoke to OVP Venture Partners’ Lucinda Stewart about open source startups last week. And while Stewart has looked at 35 different open source projects in recent months, the venture capitalist has yet to pull the trigger.

“I think we will find something, but a lot of the companies I am seeing are going to be nice $8 million to $10 million revenue companies,” she said. “It is going to be hard to find that big, breakout open source solution.”

For more on this topic, here is a column I did in September with the headline: “Open source startups are hot — too hot?”

Too much money in open source?

News.com has an interesting story on the amount of venture capital flowing into open source startups.

“Too many of these companies (now forming) are being funded without a community,” said Matrix Partners’ David Skok in the story. “If a community doesn’t form and form fast, then they’re going to burn through their venture capital, and they’re going to be disasters.”

I spoke to OVP Venture Partners’ Lucinda Stewart about open source startups last week. And while Stewart has looked at 35 different open source projects in recent months, the venture capitalist has yet to pull the trigger.

“I think we will find something, but a lot of the companies I am seeing are going to be nice $8 million to $10 million revenue companies,” she said. “It is going to be hard to find that big, breakout open source solution.”

For more on this topic, here is a column I did in September with the headline: “Open source startups are hot — too hot?”